Fangdd Network Group Ltd. (NASDAQ:DUO) Sees Large Increase in Short Interest

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 844,800 shares, an increase of 410.8% from the May 31st total of 165,400 shares. Based on an average daily trading volume, of 2,370,000 shares, the days-to-cover ratio is currently 0.4 days.

Fangdd Network Group Price Performance

DUO traded down $0.01 during trading on Thursday, reaching $0.54. 102,190 shares of the company were exchanged, compared to its average volume of 2,093,505. The firm has a 50 day moving average of $0.64 and a 200 day moving average of $0.59. Fangdd Network Group has a 52 week low of $0.35 and a 52 week high of $19.65.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fangdd Network Group stock. Sabby Management LLC purchased a new position in shares of Fangdd Network Group Ltd. (NASDAQ:DUO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 621,757 shares of the company’s stock, valued at approximately $479,000. Fangdd Network Group accounts for about 0.4% of Sabby Management LLC’s portfolio, making the stock its 10th biggest position. Sabby Management LLC owned about 13.52% of Fangdd Network Group as of its most recent SEC filing.

Fangdd Network Group Company Profile

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platform in the People's Republic of China. It operates Property Cloud, a software as a service solution for real estate sellers. The company also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides online and offline, and project-specific training and guidance services.